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How are home prices in Scottsdale trending?

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Hey everybody, welcome back to another market update with Today is September 15. And we're going to be talking about the city of Scottsdale and the Monthly Average Sales price. So if you're thinking about moving to Scottsdale or you already live in Scottsdale and thinking about selling or buying new home, you might be thinking yourself, are prices in Scottsdale going up? Are they going down? You know, how was the market in 2020 affected by COVID. And that's what we're going to showcase here today with this monthly average sales price step. So just a reminder, if you're listening to the podcast, you can click the link in the show notes. And you can see the screenshot and you can watch the video where we actually showcase the chart. But the monthly average sales price in Scottsdale has done some interesting things this year as we can all expect but we just hit monthly average sales Price in Scottsdale have over 900,000, which it breached that number a little bit earlier this year in March and April. But then due to COVID, right, we saw those nail those numbers decline a little bit, right. So if you look at the chart again, you can see, we hit that 900,000 monthly average sales price in Scottsdale, at the beginning part of the year, February, March, April, we had a slight slash significant decline in May, June, July, and we've gone up again in the last month, month and a half. Now, if we compare this to the last two years, right, our monthly average sales price, this time last year was at around 700,000 in Scottsdale, so a pretty big jump there, right and in 2018 was slightly higher than 2019 at about 720 730,000. Again, monthly average sales price. Now, again, if you're thinking about moving the sky Still, you might be thinking, Man, that's the monthly average sales price, it might have to buy a house, that's almost a million dollars to move to Scottsdale. It's not quite the case, right? There's a lot of areas in Scottsdale, where you can find homes in the 455 550 range. But there are a lot of really high luxury homes in certain parts of Scottsdale that kind of skew this monthly average sales price number. But again, this chart gives us a good idea of, hey, how have prices been affected in the last two, three years, specifically with COVID? This year? But how did how does that compare to the last couple of years right? And some of these episodes, we've talked a lot about, kind of that reduced supply, and that increased demand and how that's affecting sales prices. But this chart actually gives you a visual to that if you're looking to move to Scottsdale or sell your Scottsdale home. So as always guys, in the shownotes click the link if you want to take a look at the blog post, watch the video or see the charts and always please Like and subscribe and if you have any questions about this chart or other real estate related questions, please don't hesitate to reach out. So thanks for listening to market updates with easy digest. This was a Scottsdale update and we'll catch you guys next time.

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How are home prices in Scottsdale trending?


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